Ahmedabad: Electronic two-wheeler maker Electrotherm today unveiled ‘Yoelectron´, an advanced model of its two-wheeler priced at Rs28,500-29,000.
“This new model, having telescopic features, is a low-cost option for travelling. We are targetting a growth of 25% in the next two years and thereafter a 50% jump in sales,” Electrotherm CEO Avinash Bhandari said.
“A seperate manufacturing plant with a capacity to produce 2,88,000 units annually has been set up in Kutch with an initial investment of Rs 60 crore and the company has plans to invest another Rs50 crore in the unit,” he added.
“Special features of the new model include improved battery back up and a state-of-the-art motor — two things that count the most in performance of an electronic two- wheeler,” Bhandari said.
“The newly-designed battery can be recharged within 3-4 hours and has an average shelf life of 2-3 years,” he claimed adding: “Technology to manufacture this specially designed battery has been imported from the US”.
Enjoying a market share of nearly 30% in Gujarat, the company has sold 60,000 units of different models of its electronic two-wheelers so far.
“Yoelectron is available in seven colours. The soft colour range of this model is priced at Rs28,500 and hard colour ones are available for Rs29,000,” company officials said.